Market Pulse - Commodities
Lebanon upbeat on oil and gas exploration despite political deadlock, says official
The Petroleum Administration of Lebanon (PAL) remains positive on oil and gas exploration despite a political impasse and security impediments in the Mediterranean nation, according to a senior official.
HSBC ups target on Fresnillo following site visit
Fresnillo has excellent assets and the medium-term outlook for free cash flow generation is strong, according to analysts.
Asian natural gas market's turn in buyers' favour not surprising, says Aussie official
The turn of Asia's natural gas markets in buyers’ favour should not come as a surprise, according a senior official from Western Australia, the country’s hydrocarbon rich province.
SocGen sees recovery in commodity prices
Commodities should bottom out and recover to some extent in the medium-term, but investors are considerably more sceptical now in the aftermath of the spectacular declines seen in prices recently.
Commodities: Oil, base metals spike on supply correction sentiment
Oil and base metal futures headed higher on Wednesday with supply correction sentiment gaining traction, while gold markets saw lacklustre trading in Europe.
Positive impact of lower oil price not yet seen, Credit Suisse says
Oil prices will soon begin to stabilise, which is critical to equities and cyclical stocks in particular, analysts at Credit Suisse said on Wednesday.
Commodities: Oil spikes but market doubts persist as IMF cuts global growth forecast
Oil and gold futures spiked on Tuesday, while base metal trading remained mixed as the International Monetary Fund moved to cut its world growth forecast.
Commodities: Oil, base metals rise but gold falters
Gold was trading marginally lower in Europe on Monday afternoon, while oil benchmarks and selected base metal contracts began the week on a more positive footing.
Commodities: Gold spikes on US jobs data, oil and base metals shed gains
Oil benchmarks and base metals slumped on Friday, while gold futures recovered after a disappointing US jobs report sent the dollar tumbling.
Fed rate rise could be a mistake, El-Erian says
The recovery in the US economy is not strong enough to pull the economy along alone, one of the world´s most reputed economic commentators said on Thursday evening.
Commodities: Base metals, oil futures post uptick as China slowdown fears ease
Oil and base metal futures registered upticks on Thursday as fears of an economic slowdown in China eased up, while gold was broadly flat in Europe.
Australia bubble about to burst - RBS
RBS believes Australia's bubble may be about to burst as it's exposed to China’s slowdown.
Macquarie expects copper and oil prices to improve next year
Demand forecasts were continuing to come down on the back of slower global growth and weaker industrial production.